Nature of Update
This is a regulatory compliance filing submitted to the BSE and NSE intimating them of the incorporation of a new step-down subsidiary.
Key Operational or Strategic Points
- The company's material subsidiary, GFCL EV Products Limited, has incorporated a new wholly-owned subsidiary named GFCL EV Critical Minerals Limited.
- The new subsidiary was incorporated on 12th November, 2026, in India.
- The industry of the newly incorporated entity is "Battery chemicals".
- The line of business for GFCL EV Critical Minerals Limited encompasses manufacturing, trading, importing, exporting, processing, and providing solutions for the entire value chain of all types of batteries, battery components, and products for Electric Vehicles. This includes, but is not limited to, lithium-ion batteries and their components/products.
- The incorporation did not require any governmental or regulatory approvals.
- The consideration for the incorporation was cash.
- The company was incorporated with a capital of ₹1,00,000 (Rs. 1 lakh).
- GFCL EV Products Limited holds a 100% shareholding in the new subsidiary.
Material Financial Impact (if any)
The filing states the initial capital outlay for the subsidiary is ₹1 lakh. No other financial impact on revenue, margins, cash flows, capital allocation, or debt levels is disclosed in this announcement.
Reference Regulation
The intimation is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in terms of SEBI's Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.